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International trade in the Covid-19 outbreak: Is the digital economy working?

Author

Listed:
  • Diana Lestari

    (Department of Economics, Faculty of Economics and Business, Mulawarman University)

  • Made Setini

    (Department of Management, Faculty of Economics and Business, Udayana University)

  • Dio Caisar Darma

    (Department of Management, Sekolah Tinggi Ilmu Ekonomi Samarinda)

  • Siti Amalia

    (Department of Economcis, Faculty of Economics and Business, Mulawarman University)

Abstract

This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally is the only way to survive restrictions on activities by the government, including in the economic sector. The instructions for switching in a digitizing pattern are nothing new, they are simply brought into sharp focus. The most recent event, the Covid-19 outbreak, has accelerated a transformation, as evidenced by the sharp strengthening in the digitizing economic sector. Based on a literature study, the conclusions explain the opportunities for the digital economy to support the trade sector which experienced inconsistencies in growth tabulations during this outbreak. Through the perspective of neoliberalism, it can be used to explain how it is related to strengthening the digital economy with the stability of international trade at macro and micro levels.

Suggested Citation

  • Diana Lestari & Made Setini & Dio Caisar Darma & Siti Amalia, 2020. "International trade in the Covid-19 outbreak: Is the digital economy working?," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 8(2), pages 86-92, November.
    • Handle: RePEc:sek:jijobm:v:8:y:2020:i:2:p:86-92
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    References listed on IDEAS

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    1. Jianmu Ye & KMMCB Kulathunga, 2019. "How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective," Sustainability, MDPI, vol. 11(10), pages 1-21, May.
    2. Muliadi Muliadi & Dio Caisar Darma & Jati Kasuma, 2020. "MSMEs as mediation in the effects of investment credit, interest rates, and labor on economic growth: Evidence from Indonesia," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 01-12, April.
    3. Ernesto Castañeda & Amber Shemesh, 2020. "Overselling Globalization: The Misleading Conflation of Economic Globalization and Immigration, and the Subsequent Backlash," Social Sciences, MDPI, vol. 9(5), pages 1-31, April.
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    Cited by:

    1. Margarita Ivanova, 2021. "Bulgarian Export of Consumption Goods and Intermediate Goods Since the Outbreak of the Corona-virus," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 213-224, July.

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    More about this item

    Keywords

    International trade; Digital economy; Neoliberalism; Covid-19;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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